George Sowers, professor of practice in mechanical engineering at Colorado School of Mines, was recently interviewed by the Denver Business Journal about the $642 million in Air Force satellite launch contracts awarded this month to United Launch Alliance and SpaceX. Sowers was vice president and chief scientist at ULA before joining the space resources faculty at Mines.From the story:ULA, an 11-y...Read More
A shortage of crude indium material is pushing prices higher, market participants have told Metal Bulletin.Metal Bulletin assessed the free-market price of indium at $330-360 per kg on an in-warehouse basis on Wednesday March 28, up from $320-350 in the previous assessment last Friday."Our purchase department complains that it is difficult to locate crude indium although they have called nearly al...Read More
Last week’s great rally in gold is just a memory as gold heads back down to its support level. The excitement from gold heading higher every day last week has now turned into the fear that it may go back to the lower end of the range.Gold was lower on Tuesday and is lower again overnight into Wednesday morning. The congestion period is always the toughest for traders, as the markets have a l...Read More
NEW YORK (Reuters) - Fund managers have begun to ditch so-called FANG stocks that powered the U.S. stock market to record highs in January and are slowly rotating into commodity-related shares and other value stocks which typically outperform in late-cycle recoveries.Portfolio managers holding shares of Facebook Inc, Amazon.com Inc, Netflix Inc, and Google-parent Alphabet Inc say they are increasi...Read More
Tips for Mcx Lead – Lead Sell Call 2be given at price 155.85 Achieved 1st Target 155. Made 154.70 low. Total Profit of 0.85 x 2 lot = 1.70 Points in Lead tips2be : Today Lead Call – SELL Lead at CMP 155.85 for Target 155 – 154.50 with SL Above price 156.80. RISK Taker trade 2 lotsAFTER POST CONTENT Read More
The gold miner said in a statement that two employees were fatally injured in a seismic-related fall of ground at the mine on Tuesday.Read More
Base metals prices on the London Metal Exchange ended higher at the close of trading on Wednesday March 28, with only aluminium trading lower. The three-month nickel price was the biggest mover, rising $130 per tonne and recovering back above $13,000 per tonne. The metal is being buoyed by a tight market and low stocks. "Total LME stocks have had very little inflow and edged lower to 322,236 tonne...Read More
FRANKFURT (Reuters) - John Cryan, the chief executive of Deutsche Bank (DBKGn.DE), said in a memo to staff on Wednesday he was “absolutely committed” to the lender, a day after Reuters and other news organizations reported the bank was searching for a new boss.Two people familiar with the matter told Reuters on Tuesday that Germany’s flagship bank had begun looking for a new CEO,...Read More
Aluminium Tips Today – SELL Aluminium at CMP 131 for Target 130.10 – 129.50 with SL Above price 132AFTER POST CONTENT Read More
Domestic prices for steel beams have moved downward by ?,?5 per tonne across Europe for a second week with trading remaining thin, market sources told Metal Bulletin on Wednesday September 28."There was no enough demand to fill up the mills' rolling schedules so we have seen a lower price," one distributor said."There was a bit of a reduction compared with last month. In February, scrap prices wen...Read More
WARSAW (Reuters) - Poland signed the largest arms procurement deal in its history on Wednesday, agreeing with the United States to buy Raytheon Co’s (RTN.N) Patriot missile defense system for $4.75 billion in a major step to modernize its forces against a bolder Russia.“It is an extraordinary, historic moment; it is Poland’s introduction into a whole new world of state-of-the-art...Read More
TODAY LEAD CALL FREEToday Lead Call – SELL Lead at CMP 155.85 for Target 155 – 154.50 with SL Above price 156.80. RISK Taker trade 2 lotsAFTER POST CONTENT Read More
Domestic prices for mesh-quality wire rod produced and delivered in Europe remained unchanged this week, with market activity expected to rise after the Easter holiday, sources said on Wednesday March 28.Metal Bulletin's weekly price assessment for domestic mesh-quality wire rod in Northern Europe was unchanged on Wednesday at ?,?550-560 ($683-696) per tonne delivered."The recent bad weather has m...Read More
WASHINGTON (Reuters) - The U.S. decision to expel 60 alleged spies is unlikely to cripple Russian spying in the United States because others have wormed and hacked their way into American companies, schools, and even the government, current and former U.S. officials said.Moscow’s spy services still use the cover of embassies and consulates, as Washington does. But they also recruit Russian e...Read More
Shortsighted Wall Street strikes again.Since this bull market began 9 years ago, the most reliable investment strategy has been to simply buy the dips.That’s because investors’ attention spans have continually decreased as the bull market has raged on.The market is down big one day on negative news and back higher the next when the market deems the news to be overblown. Which leads to...Read More
The latest news and price moves to start the Asian day on Thursday March 29.Base metals prices on the London Metal Exchange generally ended higher at the close of trading on Wednesday March 28, with only aluminium and zinc trading lower. Read more in our live futures.Here are how LME prices looked at Wednesday's close:Indonesia's Gresik copper smelter in eastern Java will shut down for up to 10 da...Read More
Julian Treger, chief executive of Anglo Pacific Group plc (LON:APF), tells Proactive 2017 was a record year for them with royalty income of ?37.4 mln and total income of ?42.4 mln.Treger says the strong performance was achieved through a combination of higher commodity prices as well as a significant increase in mining from within their private royalty area at Kestrel. Meet ANGLE plc, Faro...Read More
NEW YORK (Reuters) - The dollar rose to a six-day high against a basket of major currencies on Wednesday, rebounding further from a five-week low touched the prior session, supported by quarter-end flows into the greenback as investors also shook off fears of a trade war.The dollar index .DXY, which measures the greenback against a basket of six other major currencies, was up 0.47 percent at 89.79...Read More
The latest metal markets news and price moves to start the North American day on Wednesday March 28. Base metal prices on the London Metal Exchange were lower across the board during morning trading on Wednesday March 28, with copper recording the biggest decline. The three-month copper price was down $28 per tonne after a third straight day of deliveries into LME warehouses. On-warrant copper sto...Read More
BEIJING (Reuters) - Shanghai crude oil futures <0#ISC:> slumped on Wednesday, the third day of trading since their launch, after heavy selling overnight, as traders scrambled to follow cues from the main international markets.The big volumes done in the late evening in China underscore the complexity of trading the new contract when London’s Brent <0#LCO:> and WTI in the United S...Read More